Manchester-founded software provider Quantiv Limited has agreed a deal with commercial property company Bruntwood to take a total of 11,000 sq ft of office accommodation at Station House, Altrincham.
Quantiv currently occupies 3,300sq ft at Station House and will increase this immediately with an additional 2,200sq ft – with an option to take an additional 5,500sq ft over the next five years.
With support from MIDAS, Manchester’s investment and development agency, the deal with Manchester-based Bruntwood means the business will now not relocate to London as it was considering.
MIDAS put together the comprehensive business case demonstrating to Quantiv the real benefits available to them in Manchester City Region. It highlighted that Manchester offers a much lower cost base for the firm to grow their business than London, yet has the large, highly skilled talent pool for them to tap into.
MIDAS is now working with Quantiv to support them in building their business base in the Manchester City Region, ensuring they have access to relevant recruitment and training schemes as well as facilitating introductions to the right networks and client bases.
Founded in Manchester by Oldham-born CEO Mike Cribb, Quantiv has spent the past ten years in R&D developing a new software system, the Q5 platform, which is now market-ready. Clients include the Ministry of Defence (MoD) and clothing retailer Jack Wills.
Quantiv currently employs 32 people in Altrincham, but is planning rapid growth over the next five years. The business is taking on additional employees every month and a conservative growth estimate is that they will have 200 staff in 3-5 years.
Mike Cribb, CEO and founder of Quantiv Ltd, said: “Manchester has a large and growing ICT sector, an excellent catchment area for good technologists and good infrastructure for our future expansion.
“I am also a proud Mancunian who wants to see Manchester back on the technology innovation map. By keeping our HQ here, we hope we can help to achieve this.”
Colin Sinclair, chief executive of MIDAS, said: “We are very pleased we have been able to secure Quantiv’s future in Manchester. To keep such an innovative company here is a real coup for the city, not just because of the jobs the company will be creating in the next five years, but also to ensure the growth of the ICT sector.”
Andrew Butterworth, sales director at Bruntwood, said: “We’re delighted to be able to accommodate Quantiv with increased space at Station House. Bruntwood is committed to providing high quality offices alongside the flexibility for customers to grow within the terms of their lease, not only in the buildings they occupy, but across any of our 90 properties across the north of England. We look forward to continuing to work with Quantiv in providing their long term office space solutions. ”